AI is booming so are household utility bills
bloomberg.com
bloomberg.com
We will likely look back and see that much of the misguided AI investment was a headwind rather than a tailwind to things like EPS growth.
Related:
Electricity prices are climbing more than twice as fast as inflation
https://news.ycombinator.com/item?id=44931763
Big Tech's A.I. Data Centers Are Driving Up Electricity Bills for Everyone
https://news.ycombinator.com/item?id=44905595
The U.S. grid is so weak, the AI race may be over
Though it seems that nowadays, much of that cost goes to taxes and fees, rather than electricity rate itself.
- discounted for more or less spend
- credits issued at X usage (which is only good at X specifically because its generally an expensive rate but it’s a marketing ploy for filter based searches).
- free or discounted night time or weekends
- etc.
If you can imagine they charge a certain way, there is likely someone trying it.